Covia (CVIA) Research Coverage Started at Morgan Stanley
Equities research analysts at Morgan Stanley began coverage on shares of Covia (NASDAQ:CVIA) in a note issued to investors on Tuesday, The Fly reports. The brokerage set an “equal weight” rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Seaport Global Securities restated a “buy” rating on shares of Covia in a report on Thursday, August 30th. Jefferies Financial Group restated a “buy” rating and issued a $15.00 target price on shares of Covia in a report on Friday, August 17th. KeyCorp restated a “buy” rating and issued a $21.00 target price on shares of Covia in a report on Thursday, August 16th. Piper Jaffray Companies initiated coverage on shares of Covia in a report on Monday, June 18th. They issued an “overweight” rating and a $24.00 target price on the stock. Finally, Johnson Rice downgraded shares of Covia from an “accumulate” rating to a “hold” rating in a research report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Covia currently has an average rating of “Hold” and a consensus target price of $16.94.
CVIA stock traded up $0.35 on Tuesday, hitting $9.48. The company had a trading volume of 851,623 shares, compared to its average volume of 492,412. Covia has a 12-month low of $8.81 and a 12-month high of $30.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Investment Advisors Ltd. bought a new position in Covia in the second quarter worth approximately $111,000. Cubist Systematic Strategies LLC bought a new position in Covia in the second quarter worth approximately $117,000. Russell Investments Group Ltd. bought a new position in Covia in the second quarter worth approximately $158,000. WealthTrust Fairport LLC bought a new position in Covia in the second quarter worth approximately $164,000. Finally, Strs Ohio bought a new position in Covia in the second quarter worth approximately $168,000.
There is no company description available for Covia Holdings Corp.
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